LG announces key leadership changes 'to better address the challenges ahead'

CreatesB2B company to consolidate existing business and expand commercial operations.
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LG Electronics has reshuffled its top brass and appointed new executives to lead its mobile division.

LG Electronics has reshuffled its top brass and appointed new executives to lead its mobile division.

LG Electronics has reshuffled its top brass and appointed new executives to lead its mobile division as part of its “sweeping realignment to better address the challenges ahead”.

The company also named the establishment of the new B2B Company, to expand upon its successful commercial operations and consolidate existing business to business functions across various LG Electronics divisions, the company said in a statement.

The South Korean electronics goods maker said it appointed Hwang Jeong-hwan as president and CEO of the LG Mobile Communications Company. Hwang is a R&D veteran and was responsible for developing the company’s first smartphones in 2009. Jeong-hwan replaces the departing Juno Cho, who will take up a new role within LG’s parent company.

LG's robotic products

LG's robotic products

LG also appointed Dr. Park Il-pyung as head of LG’s Software Center. Park will take on the role of chief technology officer with current CTO Dr. Skott Ahn taking on a new position in LG Corp. Before joining LG, Park was CTO at Harman International and head of the Intelligent Computing Lab at Samsung Advanced Institute of Technology.

Han Chang-hee, most recently vice president of appliance marketing communications, has been promoted to lead LG’s worldwide marketing efforts as head of the Global Marketing Center, LG said in its release.

According to Financial Times, recently the US International Trade Commission recommended tariffs to prevent the Korean tech giants from flooding the US market with its goods. President Trump is expected to take the final decision by early next year on what remedy the US will impose against the two South Korean tech majors Samsung and LG. 

LG said that it would also establish a Convergence Business Development Center to identify and initiate corporate-wide initiatives related to artificial intelligence, IoT solutions and device-to-device connectivity.